In recent developments, Russia has seen a notable decrease in its oil refining and exports, amidst drone attacks and adherence to OPEC+ quotas. The country processed 5.16 million barrels a day in the latest week, a reduction of some 380,000 barrels a day from December. Concurrently, India's imports of Russian crude oil dropped to a year-low in January, decreasing by 35% from the previous year's peak. Despite these challenges, Russia, as stated by Deputy PM Novak, has committed to fully comply with its OPEC+ quotas for February. This commitment includes a reduction in both supplies of oil and petroleum products. According to data from Russia's Energy Ministry and corroborated by other sources, Russia met its target for crude-export cuts in January, aligning with its pledge to OPEC+ allies. The country's daily crude exports last month were about 307,000 barrels a day lower than the May-June average.
#Russia’s Crude-Export Data Show Compliance with OPEC+ Cuts Pledge Nation curbed Jan. crude exports by about 307,000 b/d Data on reduction in Russian fuel exports are harder to assess #oott https://t.co/yv0Ouj2M22
#Russia’s daily crude exports last month were 42,000 tons lower than the May-June average, according to people familiar with the data. That equates to about 307,000 barrels a day, based on the usual 7.33 barrels-per-ton conversion ratio for Russian #oil. https://t.co/wKQBP2gwdr
Russia met its target for crude-export cuts in January, complying with its pledge to allies in OPEC+, according to data from the country’s Energy Ministry https://t.co/CIvFBIoJkK
đź”´ RUSSIA CRUDE-EXPORT DATA SHOW COMPLIANCE WITH OPEC+ CUTS PLEDGE.
đź”´ RUSSIA CURBED JANUARY CRUDE EXPORTS BY ABOUT 307,000 B/D - DATA.
#Russia intends to fully meet its #OPEC+ quota in February Russia’s OPEC+ obligations imply reduction of both supplies of oil and petroleum products #oott https://t.co/1ARxDBdLeh
#Russia to meet its #Opec+ pledge in February in full - deputy PM Novak #oott
🔴 RUSSIA’S DEPUTY PM NOVAK: RUSSIA INTENDS TO FULLY COMPLY WITH OPEC+ QUOTAS IN FEBRUARY - TASS.
🛢️ INDIAN IMPORTS OF RUSSIAN OIL DROP TO LOWEST IN A YEAR India's imports of Russian crude oil fell in January to a one-year low, down 35% from last year's peak. #OOTT https://t.co/uFDU3qg3Rc
#Russia: Oil Refining Falls Further in Wake of Drone Attacks Refiners processed 5.16 million barrels a day in latest week Runs were down some 380,000 barrels a day from December level #oott https://t.co/wNIT6UhchC